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City of Salem, Oregon Enacts New Payroll Tax

The Salem City Council on July 11, 2023, approved Ordinance Bill No. 12-23, which imposes a new payroll and self-employment tax to fund community safety services. The ordinance imposes tax at a rate of 0.814 percent of an...more

Tax Changes in Inflation Reduction Act

President Biden earlier this week signed the Inflation Reduction Act of 2022 (Act), which contains a number of tax and spending provisions impacting a broad range of businesses and individuals. These changes include a 15%...more

Year-End Appropriations Act Includes Income and Employment Tax Provisions

The recently enacted Consolidated Appropriations Act, 2021 (Act) contains a wide range of tax, appropriations, and other provisions, including pandemic-specific provisions and extensions of provisions in the Coronavirus Aid,...more

Tax Alert: Voters Approve New Local Taxes in Oregon

Portland-area voters approved a number of new local taxes in the November 3 election. These new taxes, together with previously enacted taxes that either have become effective or will become effective in 2021, will...more

IRS Clarifies Deductibility of Expenses Associated with PPP Loan

The IRS today issued Notice 2020-32 (the Notice) relating to the deductibility for federal income tax purposes of certain otherwise deductible expenses related to amounts received pursuant to the Paycheck Protection Program...more

Oregon Department of Revenue Increases 2020 Estimated CAT Payment Threshold

The Oregon Department of Revenue on April 27, 2020 proposed a new rule that increases – for 2020 only – the threshold for required estimated payments of the Oregon corporate activity tax (CAT) from $5,000 to $10,000....more

State and Local Tax Impacts of COVID-19

In addition to the recently enacted federal tax legislation intended to provide relief to taxpayers who are struggling in the wake of COVID-19, states are also enacting legislation and policies to aid taxpayers through a...more

IRS Releases Information Regarding Employee Retention Credit

The IRS has posted a summary description of the employee retention tax credit that was enacted as part of the CARES Act. The IRS also posted a frequently asked question page regarding the credit....more

Tax Law Update: CARES Act Includes Tax Relief for Businesses and Individuals

President Trump Friday, March 27th, signed into law the Coronavirus Aid, Relief, and Economic Security Act (Act). The Act contains a series of provisions designed to provide economic stimulus and tax relief to individuals and...more

Tax Law Alert: Coronavirus Response Act Allows Employer Tax Credit

President Trump on Wednesday signed into law the Families First Coronavirus Response Act.  The Act contains a coronavirus relief package that includes, among other provisions, an expansion of the Family and Medical Leave Act...more

Oregon Enacts New Corporate Activities Tax

On May 16, 2019, Oregon Governor Kate Brown signed into law HB 3427 (the Bill), which creates a new Corporate Activities Tax. The tax is a gross receipts tax that will be used to establish the “Fund for Student Success,”...more

Treasury Issues New Proposed Qualified Opportunity Zone Regulations

The Department of the Treasury on April 17 released a highly anticipated second round of proposed regulations regarding investments in qualified opportunity zones. The opportunity zone incentive was enacted as part of the Tax...more

Qualified Opportunity Zones – Treasury Issues Proposed Regulations

The Treasury Department issued proposed regulations related to qualified opportunity zones on October 19, 2018. Congress created the qualified opportunity zone regime as part of the Tax Cuts and Jobs Act, which was enacted at...more

Compromise Tax Reform Bill

After the House and Senate passed different versions of a comprehensive tax reform bill, a conference committee convened and released on Friday a compromise version of comprehensive tax reform, the “Tax Cuts and Jobs Act”...more

Tax Reform Bill Released

Republican leaders yesterday released their comprehensive tax reform bill, the “Tax Cuts and Jobs Act.” Although there has been a great deal of high-level discussion over the past few months regarding various tax reform...more

Tax Law Alert: “Big Six” Release Tax Reform Framework Supported by President Trump

After months of speculation a group of Republican leaders referred to as the “Big Six” (House Speaker Paul Ryan, Senate Majority Leader Mitch McConnell, House Ways and Means Committee Chairman Kevin Brady, Senate Finance...more

Energy Tax Alert: Congress Extends Biofuel Incentives

Congress this week passed the Tax Increase Prevention Act of 2014, which extends a number of expired or expiring tax provisions through the end of 2014. The President is expected to sign the Act soon. The Act extends a number...more

Tax Law Alert: The Tax Increase Prevention Act of 2014 Extends Expired or Expiring Provisions

Congress this week passed the Tax Increase Prevention Act of 2014 (the Act), which is expected to be signed by President Obama at any time. The Act renews or extends a number of expired or expiring provisions. Some of the...more

Energy Tax Alert: Congress Extends Renewable Energy Credits

Congress this week passed the Tax Increase Prevention Act of 2014, which extends a number of expired or expiring tax provisions through the end of 2014. The President is expected to sign the Act soon. The Act renews several...more

Tax Law Alert: Oregon's 2013 Special Legislative Session Passes Changes to Oregon Tax Law

The special legislative session called by Governor Kitzhaber adjourned on October 2, 2013, after passing a "grand bargain" primarily implementing cost and benefit reductions to Oregon's public employees retirement system...more

10/4/2013  /  Retirement , Tax Reform
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